GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Still a Buy?

GN Store Nord (OTCMKTS:GNNDY) saw strong trading volume on Monday . 400 shares were traded during trading, a decline of 26% from the previous session’s volume of 543 shares.The stock last traded at $44.70 and had previously closed at $44.67.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

GN Store Nord Trading Up 0.1%

The stock has a market cap of $2.25 billion, a PE ratio of -24.83 and a beta of 1.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 1.01. The company has a 50 day moving average of $43.13 and a two-hundred day moving average of $44.27.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The business had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. GN Store Nord had a negative return on equity of 2.42% and a negative net margin of 4.32%. Sell-side analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

GN Store Nord Company Profile

GN Store Nord A/S is a Denmark?based technology company specializing in intelligent audio solutions. The group operates through two primary business units: GN Hearing, which develops and manufactures advanced hearing aids and associated hearing care technologies, and GN Audio, which produces professional and consumer headsets under the Jabra brand. GN Store Nord’s product portfolio spans digital hearing devices, wireless headsets, speakerphones and earbuds, all designed to enhance communication and improve listening experiences for individuals and enterprises alike.

Under the GN Hearing division, the company offers a range of hearing aids and wireless accessories that leverage digital signal processing, artificial intelligence and direct audio streaming.